New Funding for Economic Transformation in Austria

People › Other ♦ Published: March 1, 2023; 13:04 ♦ (Vindobona)

The Ministry of Labor and Economic Affairs (BMAW) has announced a new funding track under the Climate and Transformation Offensive. The Austrian Research Promotion Agency (FFG) supports the Austrian economy in the transformation and the BMAW provides €300 million for research funding until 2026.

Minister Kocher also talked about "building up and expanding technology leadership". / Picture: © Bundeskanzleramt (BKA) / Christoper Dunker

Economic transformation is important to Austria because it is necessary for the country to be competitive in the global economy. Austria needs to be able to adjust to the changing economic climate, new technologies, and the emergence of new markets.

The Austrian Research Promotion Agency is the central implementation partner for this large-scale climate and transformation…

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Martin Kocher, Semiconductors, SME, SME Europe Small and Medium Entrepreneurs Europe, Klaus Pseiner, Henrietta Egerth, Economic Transformation, Economic Policy, Economic Growth, Economic Development, Digitalization, Climate Crisis, BMK - Federal Ministry for Climate Action Environment Energy Mobility Innovation Technology, Austrian Research Promotion Agency (FFG), BMAW - Austrian Federal Ministry of Labour and Economy
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